The latest insights from franklin street experts
ATLANTA, Georgia — Franklin Street announced it successfully brokered the sale of Hampton Cove Shops in Owens Cross Roads, Alabama for $7.6 million. Franklin Street
March 27, 2015
At our Bisnow 2014 Atlanta Forecast, we met up with Franklin Street Real Estate Services’ Ricky Jones fresh from brokering the sale of the Ponce De Leon Hotel. Nazar Properties purchased the 58-room, 19k SF extended-stay hotel for an undisclosed sum from the long-time family who owned it.
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A private investor acquired the River Oaks apartments at 4102 Oak Knoll Ct. in Tampa, FL from WISCO LLC for $8.8 million, or about $34,000 per unit.
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What’s in store for multifamily investors in the new year ahead?
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An intown Atlanta hotel has a new owner. The Ponce DeLeon Hotel, located just blocks from the future Ponce City Market, has sold for $1.6 million, according to Fulton County court records.
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With an economy that’s normalizing with improving fundamentals, the Atlanta retail market is on the right track for sustained growth.
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